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News & Updates

Posted on: October 9, 2023

Moody's Assigns City of Oakdale Aa1 Rating

Graphic reads "Moody's assigns City of Oakdale Aa1 Rating" in blue text on white background

Moody's Investors Service has assigned a Aa1 rating to the City of Oakdale’s General Obligation Improvement Bonds and maintained the City’s Aa1 rating on outstanding general obligation unlimited tax (GOULT) bonds. The Aa1 issuer rating reflects the City's very strong financial position, moderate long-term liabilities and a modest fixed-costs ratio. 

This is the second-consecutive year that Oakdale earned the Aa1 GOULT rating after being upgraded in 2022 from Aa2. Oakdale is among the top echelon of cities in Minnesota that enjoy and benefit from this outstanding bond rating, which in turn reduces the City’s cost of debt to further enhance our strong financial position.

Read the Complete Moody's Press Release

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